New Delhi: Buyers’ wealth tumbled ₹4.48 lakh crore throughout day commerce on Friday with the BSE benchmark plummeting 1,488 factors monitoring weak international traits.
The 30-share benchmark index tumbled 1,488.01 factors through the day to 57,307.08.
The market capitalization of BSE-listed tanked ₹4,48,223.31 crore to ₹2,61,18,730.57 crore through the day.
“Fairness markets have plunged nearly 2 per cent amid the emergence of a brand new, extremely mutated COVID-19 variant. The EU introduced a brief ban of flights from South Africa and few EU international locations are already below full lockdown state of affairs.
“Thus, there’s worry of this new variant spreading to different international locations which could once more derail the worldwide financial system,” mentioned Hemang Jani, Head of Fairness Technique & Senior Group VP, Broking & Distribution, Motilal Oswal Monetary Providers.
Tata Metal, HDFC, IndusInd Financial institution and Maruti had been the largest laggards, tanking as much as 4.2 per cent.
The BSE midcap and smallcap indices had been buying and selling as much as 2 per cent decrease.
This story has been printed from a wire company feed with out modifications to the textual content. Solely the headline has been modified.
Supply: Live Mint